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AUD/USD Daily Technical Analysis | 26 January 2018

2018-01-26 11:50 am | Resource: Technical Analysis Section | No Views : 322

AUD/USD broke the minor bullish trend line during yesterday's trading, and the pair is at 0.8066, confirming that the trend has reversed and the pair continues to decline until touching the 0.8002 areas. The pair started to retrace to test the broken bearish trend line.

AUD/USD Daily Technical Analysis | 26 January 2018

And the SMA 20 crosses negatively with the broken bullish trend line.
RSI 14 Break the bullish trend line on the hourly interval during the US session.
It is expected that, if the pair breached against the US currency 0.8059 might target levels of 0.8147 but, in case of breaking the pair level of 0.8042 may target the level of 0.7968.
Support: 0.8034 - 0.7968 - 0.7889
Resistance: 0.8123- 0.8182- 0.8221
Trend: Down

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